Bitcoin Miner Hive Reports 219% Year-on-Year Revenue Growth, but Net Loss of $91 Million Due to Accelerated Depreciation

Odaily News Bitcoin miner Hive announced that for its fiscal third quarter ended December 31, 2025, the company's revenue reached $93.1 million, representing a year-on-year increase of 219% and a quarter-on-quarter increase of 7%. In November last year, Hive also set a new quarterly revenue record.

Hive attributed the revenue growth to the overall expansion of its Bitcoin hashrate clusters and the BUZZ high-performance computing platform. However, due to accelerated depreciation and non-cash revaluation adjustments related to its expansion in Paraguay, Hive Mining incurred a net loss of $91.3 million, which offset its success in revenue growth.